Going to the Bristol Business Exhibition? So are we

 

The Bristol Pound team are gearing up to help small and medium sized businesses at the Bristol Business Exhibiton at Ashton Gate on Tuesday 8th March. We’ll be there showcasing our new business to business interest free credit service, Prospects Network, and signing people up for the Bristol Pound.

Free business advice sessions

We’re also offering Bristol’s SMEs free advice and guidance on a range of hot topics. Slots are available between 11-2pm where you will be able to get a free 15-minute one-to-one session with one of the experienced leadership team at the Bristol Pound. Session include:

1. Building strong strategic partnerships
2. Strategic legal advice
3. Building local supply chains
4. Developing your social media

We expect to be very busy on the day so make sure you book in advance. Just email info@prospectsnetwork.org with your name and number. Or, just pop by and chat to the team on the day.

The Prospects Network

We’ll be giving delegates a sneek peek of the new service, called the Prospects Network, which will help Bristol’s small and medium sized businesses do more business. If you can’t wait until the 8th March, find out more here: www.prospectsnetwork.org

See you there

Doors open at 10am and over 500 delegates are expected to meet the the 80 plus businesses exhibiting at the conference centre at Ashton Gate. Tickets for delegates are free.

Survey results: what you think about the Bristol Pound

 

We asked Bristol Pound members to share their views on Bristol’s local currency and we – the staff team –  really enjoyed hearing what you had to say about your experiences of using it, what you love about it and what could be improved.

Here’s what individual members said:

Benefits of £B

75% of you spend with Bristol Pound because you love supporting Bristol’s local independent businesses.

“One of the many sustainable and beautiful aspects which make me proud of this great city.”

We agree it’s an important part of using Bristol Pounds and, although it’s not like Bristol is short of independent businesses, it’s a great way of making sure they’re all here to stay.

 

Changed purchasing experience Qu

“Paying by text meant I could buy lunch in town (at the Folkhouse) when I left my wallet at home.”

It’s great to see that so many of you are finding it a really positive experience using Bristol Pound but it’s also important for us to hear about how we could improve your experiences.

From what you’ve told us, we’ve identified that the areas we need to focus on are:

1. Making payments easier
2. Continuing to support businesses
3. Getting more people involved across Bristol

We’re going to work on these things to try to make using the Bristol Pound as easy, enjoyable and worthwhile as possible!

46% of you are spending most of your Bristol Pounds on everyday and essential items.

Compared to only 10% who spend most on non-essential and occasional items. This goes to show that many of you are incorporating Bristol Pounds into your everyday spending which is fantastic and a sure way of having a big impact.

Over one in ten Bristol Pound members use Bristol Pounds to pay for council tax and bills. Using Bristol Pounds for these large, regular payments is such an easy way of spending Bristol Pounds, without even really having to think about it. If you’re not already, it’s definitely something to consider.

Here’s what business members had to say:

Spend with

76% of businesses spend their Bristol Pounds with other local businesses. Also over half of them said using the Bristol Pound has positively changed their relationship with other local businesses and for the majority of them has created more local business to business trading. This means more local supply chains created by Bristol Pounds!

“It’s my first port of call when seeking local suppliers”

Offer £B as change

When it came to asking the businesses what they do with their Bristol Pounds, the majority admitted they don’t offer them in change to customers. Although sometimes this might be because they don’t have any to offer at the time, don’t be afraid to ask!

75% of businesses never transfer the Bristol Pounds they receive into sterling and 16% only do so occasionally.

As much as we’d hope to see all businesses re-spending all their Bristol Pounds, in practise this isn’t always possible. We will continue to support those businesses struggling to re-spend but having 91% of businesses who never or very occasionally transfer their Bristol Pounds into sterling is great.

Thanks to everyone who filled out the survey and to you all for your continued support of the Bristol Pound. There were lots of really useful comments, suggestions and ideas for improvements which we’re going to take on-board and use to help us plan.

Big congratulations go to Niall who was the winner of the prize draw.

Want to add something? Comment below and let us know…